Japan's Line lets Thai users bank via chat app

Joint venture with Kasikornbank offers easy access to accounts and loans

20201020N Line BK app

Line's new banking service is available through its chat app, which has more than 47 million users in Thailand. (Photo from Line's website)

MARIMI KISHIMOTO, Nikkei staff writer

BANGKOK -- Japan's Line announced on Monday the launch of a "social banking" platform in Thailand that lets users access financial services through the company's popular chat app.

The Line BK service, offered in partnership with Thailand's Kasikornbank, lets users open accounts, transfer money and apply for personal loans. It is operated by Kasikorn Line, a Thailand-based joint venture between subsidiaries of the two companies.

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